Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: mnvan Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25354  
Subject: 401-K vs. Roth IRA Date: 12/26/2001 2:10 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I am an independent contractor and have no defined benefit program other than an existing IRA account that I've had for quite some time.

I have a part-time job that has a 401-K plan that I've contributed 15% to over the past 2.5 years. I've just been notified that the company will not vest their 5% contribution to my plan since I don't work enough hours (<1000 hrs.)

My DW has a 401-k and she contibutes 16% to that. She also has a self-directed IRA outside of that.

Neither of us has a Roth IRA.

Neither of us make contributions to the existing IRA's.

Should I continue making the 15% contibution to the 401-K? I could make a 40% contibution, the highest allowed under the plan without a problem.

Or, should I take the money earned from the part time job and make Roth contributions instead?

BTW, the 401-K that I have is through a big mutual fund company and IMO has some lousy investment choices.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next


Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Remembrance and Reflections
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.